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Making Bank: The Harmonic rhythm of the market

  • #881
  • Feb 17, 2014 10:09am Feb 17, 2014 10:09am
Quoting CNTrader
Hey Traders we have a holiday week here in the U.S.A but opportunities abound lol. Here is a look at another Video i put together on the Eur/Nzd. Keep in mind its only basic Harmonic analysis but illustrates so well the Harmonic Rhythm of the Market. The video is about 14m so remember as always: Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank http://www.screencast.com/t/QH01LpuhV
Nice job, have a bunch on this one, but here is one I do not remember seeing there that might be of interest.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdweekly217.jpg Size: 160 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #882
  • Feb 17, 2014 10:56am Feb 17, 2014 10:56am
Quoting Raza
{quote} Hello Scott & Cntrader, GU has gone above limits . Now I think there is no point shorting it at least till 1.6770 then hardcore resistance at 1.6827 and last one is in 1.6960 ish i will short from 1.6823-27 with small stop... If stopped out I will wait . one thing I am certain it needs to go down first as E wave . Weekly support is at 1.6436.......4 hr @ 1.5839.....this is a very good target. monthly @ 1.5768.....is ultimate. Gj has turned from anticipated price of 170.40.....it also needs a new low.....good target is 161.80....Double Correction.(wxyXwxy)...
Great Vision Raza

Update to Gbp/Usd bumping up from 4hr chart to Daily. Currently involved with shorts and watching these areas as well as development of other opportunities forward looking:

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd.Daily.gif Size: 48 KB


I know I must be out of my mind crazy right?!! lol Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #883
  • Feb 17, 2014 11:08am Feb 17, 2014 11:08am
Quoting Mr. Scott
{quote} Nice job, have a bunch on this one, but here is one I do not remember seeing there that might be of interest. {image}
Hey Mr Scott, alluded to it on the Daily chart with the mouse and Fib confluence. That said I will be watching behavior there as well even though I didn't draw it or talk about it as i was in a zone listening to the music lol.

Great addition for the weekly outlook. Thanks for sharing. Nice to see the thread is getting some great contributions from other traders as well. Keep up the fantastic work



Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #884
  • Feb 17, 2014 12:05pm Feb 17, 2014 12:05pm
Quoting CNTrader
{quote} Hey Mr Scott, alluded to it on the Daily chart with the mouse and Fib confluence. That said I will be watching behavior there as well even though I didn't draw it or talk about it as i was in a zone listening to the music lol. Great addition for the weekly outlook. Thanks for sharing. Nice to see the thread is getting some great contributions from other traders as well. Keep up the fantastic work Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank...
You are welcome CNTrader.

Some fun with EU.

Scott
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #885
  • Feb 17, 2014 10:49pm Feb 17, 2014 10:49pm
Quoting CNTrader
{quote} Usd/Jpy Update: Price came down and tapped on the high side of my buy zone. I patiently waited for my behavior I like to see take place and I got involved at slightly higher than my buy zone. I am now currently involved in the trade from 3 positions. 97.44, 101.02 and 102.14. I expect much higher levels going forward longer term in the Usd/Jpy as long as the BOJ continues to target 2-3% inflation. Usd/Jpy remains a buy for me on discount entries. {image} Here is a quick read from Reuters that tells you where the BOJ stands given the Emerging...
Hey Traders here is an update to the Usd/Jpy 4hr chart:

There are 4 bearish patterns potentially setting up here with good ratio confluence and I'll be watching these areas closely. That being said, I currently have 4 long positions running with 2 of them already partially banked. Shown here are three. My targets are marked with a horizontal grey line and they are targets 1,2 and 3 for the Butterfly pattern. I'll be taking partial off of that entry at target 1 and will bank remaining position on the other 2 shown above while rolling stops to BE on the Butterfly entry. I also still have the 97.44 entry from below not showing on this chart. The targets for that entry are much higher as well and do not show on this chart either. That's all I'll say for now. Have a look at the chart

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 62 KB

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #886
  • Feb 17, 2014 11:34pm Feb 17, 2014 11:34pm
Quoting CNTrader
{quote} Who says I'm not trading Eur/Jpy? {image} I share what I choose to share. Feel free to share your thoughts and ideas on any of the pairs you would like. Everyone should always remember this: Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Eur/Jpy update:

Target 2 attained stops rolled to BE. I've zoomed in a bit on this 4hr chart to give you some perspective on some of the thing I'm watching with my forward looking Harmonic vision. Here is a look at the zoomed in 4hr:

Attached Image (click to enlarge)
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Now here is a peak at the Daily chart as well:

Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy Daily.gif Size: 39 KB


Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #887
  • Feb 17, 2014 11:48pm Feb 17, 2014 11:48pm
Quoting CNTrader
Eur/Usd Update: Target 2 attained stops rolled to BE {image} Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Update on Eur/Usd:

After hitting Target 2 on the AB=CD pattern price came back up and took my stops at BE on remaining. That being said the Bearish Bat pattern remained valid and I have become involved with the trade tonight. I have also readjusted the Targets (In Grey) according to the 1 hr chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd 1hr.gif Size: 60 KB



Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #888
  • Edited 2:32am Feb 18, 2014 2:09am | Edited 2:32am
Quoting CNTrader
{quote} Great Vision Raza Update to Gbp/Usd bumping up from 4hr chart to Daily. Currently involved with shorts and watching these areas as well as development of other opportunities forward looking: {image} I know I must be out of my mind crazy right?!! lol Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Thanks, CNTrader,

Vision is all I have.

Eu is such a shitty pair to trade lately, here is why.

Many possibilities = Gamble

Gann Angles are telling a story as well... Creeper can keep creeping and Fall when ever it feels like it.

I would not trade this thing till it reaches a maximum limit.

GU..4 hr has a bullish divergence, wont be surprised if it keeps going and hit above 1.70xx
Attached Image(s) (click to enlarge)
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Markets are not Random, they are designed!
  • #889
  • Feb 18, 2014 8:54am Feb 18, 2014 8:54am
Quoting CNTrader
{quote} Update on Eur/Usd: After hitting Target 2 on the AB=CD pattern price came back up and took my stops at BE on remaining. That being said the Bearish Bat pattern remained valid and I have become involved with the trade tonight. I have also readjusted the Targets (In Grey) according to the 1 hr chart. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Hi CNTrader,
Attached Image(s) (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #890
  • Feb 18, 2014 9:06am Feb 18, 2014 9:06am
Quoting Raza
{quote} Thanks, CNTrader, Vision is all I have. Eu is such a shitty pair to trade lately, here is why. Many possibilities = Gamble Gann Angles are telling a story as well... Creeper can keep creeping and Fall when ever it feels like it. I would not trade this thing till it reaches a maximum limit. GU..4 hr has a bullish divergence, wont be surprised if it keeps going and hit above 1.70xx {image} {image} {image}
GM Raza, I agree the Eur/Usd is not a very exciting pair to trade lately. Mostly because its not doing what its supposed to be doing fundamentally which in my opinion is dropping lol. This just tells me that the drop will most likely be violent and rapid. Time will tell. Its not like the USD is much better lol. That being said we have had some nice trades on it along with some of its cross pairs. I also agree that the pair has many possibilities but for me that doesn't = Gambling rather it = Patience and discipline. Looking for good risk vs Reward opportunities with solid MM understanding that in fact there are many different possibilities. Which is the case with all currency pairs. The Eur/Usd just happens to be the suckers currency to trade as it is the most heavily traded by the DUMB money and therefore tends to be the one that one gets emotional about as the Market takes that money and laughs. lol Anyway enough of my ranting hahaha

Looks like you have a plan and your charting looks solid. Thanks for sharing your thoughts and your chart analysis. Keep it coming its great to have others contribute as well so thank you for adding value to the thread with yours. As always:

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #891
  • Feb 18, 2014 9:10am Feb 18, 2014 9:10am
Quoting Mr. Scott
{quote} Hi CNTrader, {image} {image}
Looks good Scott! Watching the same things. Thank you for sharing



Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #892
  • Feb 18, 2014 12:17pm Feb 18, 2014 12:17pm
[quote=Muyen;7286411]
Quoting CNTrader
Hey Traders we have a holiday week here in the U.S.A but opportunities abound lol. Here is a look at another Video i put together on the Eur/Nzd. Keep in mind its only basic Harmonic analysis but illustrates so well the Harmonic Rhythm of the Market. The video is about 14m so remember as always: Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank

Hi i have been following this thread for some time now, your video help in understanding the Harmonic rhythm of the market.
Thanks for shearing.
  • #893
  • Feb 18, 2014 1:56pm Feb 18, 2014 1:56pm
Quoting CNTrader
{quote} GM Raza, I agree the Eur/Usd is not a very exciting pair to trade lately. Mostly because its not doing what its supposed to be doing fundamentally which in my opinion is dropping lol. This just tells me that the drop will most likely be violent and rapid. Time will tell. Its not like the USD is much better lol. That being said we have had some nice trades on it along with some of its cross pairs. I also agree that the pair has many possibilities but for me that doesn't = Gambling rather it = Patience and discipline. Looking for good risk...
I am at work so I will be short.
thanks for having me here. I always loved those beautiful harmonic patterns...but I still did not put thoughts into fibbing it harmonic way like You do. My guesses are purely a different technique. In short I can predict the precise price turn . Price is everything!...One request could you also show the price on your charts.
Thanks a bunch.
Agree with EUs impulse moves in future.
Markets are not Random, they are designed!
  • #894
  • Feb 19, 2014 9:43am Feb 19, 2014 9:43am
Quoting Raza
{quote} I am at work so I will be short. thanks for having me here. I always loved those beautiful harmonic patterns...but I still did not put thoughts into fibbing it harmonic way like You do. My guesses are purely a different technique. In short I can predict the precise price turn . Price is everything!...One request could you also show the price on your charts. Thanks a bunch. Agree with EUs impulse moves in future.
GM Raza,

Okay I'll address your request with you and everyone else who sends private messages requesting the same thing. I understand how people feel and why a request for price to be shown would be helpful. Besides my conspiracy theory nature there is actually a method to my madness as to why I have elected to leave that out. The first reason is more or less from a software technical issue. I currently trade with 30 inch monitors and the screen capture/software does not allow for the full screen to get captured. That said i probably could figure out a way to do it so that probably would be a non issue. This leads me to the 2nd and more important reason for me. I do a ton of work and share what I believe is an enormous amount of my work. Granted I don't share everything I do but I do think I share an above average amount of what I'm looking at and what I'm doing. I've even posted some videos to help make things simplified as to some basic techniques with Harmonics and measuring the rhythm of the market. This thread is not a signal service its just a place where I share what I want to share and others are welcome to feel free to contribute without the harassment from others as that will never be tolerated regardless of what name its coming from or what color the flag next to that name is. So what I encourage everyone who is trying to get a handle on this way of looking at the market to do is to take the opportunity provided here to go to their own charts and look at the time frame that's posted on the pic. Try to see the pattern and get used to measuring and drawing them on your own charts after sometime you will begin to see the patterns not only in your charts but in your sleep lol. That's all I will say on the matter and just leave it at this: I choose to share what I want to share. This is just the way it is. I have shared price in the past when I just used MT4 screen capture and there may be occasions in the future. Time will tell all. I hope no one has been offended as that is not my intention. It just is what it is. Looking forward to sharing more so stay tuned for the next pic and videos to come.

Raza I do hope you will continue to contribute to a positive thread focused on helping everyone make bank!! If you are not happy with my response and decide to no longer contribute then I do wish you all the success, happiness, and laughter you can handle

As always:

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #895
  • Feb 19, 2014 10:11am Feb 19, 2014 10:11am
Quoting CNTrader
{quote} GM Raza, Okay I'll address your request with you and everyone else who sends private messages requesting the same thing. I understand how people feel and why a request for price to be shown would be helpful. Besides my conspiracy theory nature there is actually a method to my madness
Raza I do hope you will continue to contribute to a positive thread focused on helping everyone make bank!! If you are not happy with my response and decide to no longer contribute then I do wish you all the success, happiness, and laughter you can handle...
No worries, I understand. I thought I could tweak my skills if I could see the price or discuss some entries/exits/violations.
I will continue to contribute , probably more once I get free time. I don't get offended easily!!!
It's year end for clients, gotta get a lot of work done.

have a great weak !
Markets are not Random, they are designed!
  • #896
  • Feb 19, 2014 1:26pm Feb 19, 2014 1:26pm
Quoting CNTrader
{quote} GM Raza, Okay I'll address your request with you and everyone else who sends private messages requesting the same thing. I understand how people feel and why a request for price to be shown would be helpful....... As always: Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata



Hi CNTrader,

As for me, you always put Time Frame and Currency Pair on your chart. So I have no problem recognizing price just by comparing your chart with mine. Thanks for sharing your trade ideas as always.
  • #897
  • Feb 20, 2014 12:35am Feb 20, 2014 12:35am
Quoting Raza
{quote} No worries, I understand. I thought I could tweak my skills if I could see the price or discuss some entries/exits/violations. I will continue to contribute , probably more once I get free time. I don't get offended easily!!! It's year end for clients, gotta get a lot of work done. have a great weak !
Thank you Raza glad to hear it. You have a great week as well
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #898
  • Feb 20, 2014 12:37am Feb 20, 2014 12:37am
Quoting Graceway
{quote} Hi CNTrader, As for me, you always put Time Frame and Currency Pair on your chart. So I have no problem recognizing price just by comparing your chart with mine. Thanks for sharing your trade ideas as always.
Awesome G!! You get it.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #899
  • Feb 20, 2014 12:43am Feb 20, 2014 12:43am
Ok Traders here is a fresh look at Nzd/Usd 1 hr chart. Currently have some shorts running but will watch these areas as well for making bank opportunities. Lets see how price and behavior develops. Larger time frames have been posted on previous post and show much more room to the downside but these areas may provide opportunities for making bank in the short term. I'm cautious with the longs and embrace the short opportunities a little more.

Attached Image (click to enlarge)
Click to Enlarge Name: NzdUsd 1hr.gif Size: 55 KB


Also waiting patiently for some of our other trades to play themselves out. Lets see if we get opportunity to make bank on them tomorrow. Off to get some shut eye for a bit.

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #900
  • Feb 20, 2014 10:27am Feb 20, 2014 10:27am
Hey Traders here is a look at a 15m chart of the Gbp/Jpy:

Attached Image (click to enlarge)
Click to Enlarge Name: GbpJpy.gif Size: 56 KB


Screencast video here:

http://www.screencast.com/t/rFXnskP4T6

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!! Hakuna Matata
Don't follow me! You can and most likely will LOSE all your money!!!!
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